---
schema_version: "secwatch.filing_event.v1"
accession: "0001617242-23-000089"
form_type: "8-K"
ticker: "KRNY"
cik: "0001617242"
company_name: "Kearny Financial Corp."
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T09:51:20.901127+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kearny Financial sells $122.2M securities, records $12.9M after-tax loss to reposition portfolio

## Summary
- Sold $122.2M of available-for-sale debt securities (yield 3.22%, weighted avg life 8.2 yrs).
- After-tax loss of $12.9M fully realized; nominal impact on tangible book value as loss already in AOCI.
- Proceeds used to retire higher-cost wholesale funding and reinvest in loans at current market rates.
- Transaction immediately accretive to net interest income; reduces balance sheet sensitivity to short-term rates.
- Includes liquidation of $78.9M COVID-era securities yielding 1.75% and $37.1M floating-rate securities.

## SEC filing metadata
- accession: 0001617242-23-000089
- form_type: 8-K
- ticker: KRNY
- cik: 0001617242
- company_name: Kearny Financial Corp.
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617242/000161724223000089/0001617242-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617242/000161724223000089/krny-20231220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617242-23-000089
- JSON: https://secwatch.observer/filing/0001617242-23-000089.json
- Plain text: https://secwatch.observer/filing/0001617242-23-000089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.